Griffen Plumbing and Heating of Elkhart, IN, acquired by Astra Service Partners of New York City, NY

ELKHART, Ind. - Rezul -- Calder Capital is pleased to announce the successful sale of Griffen Plumbing and Heating (Griffen) of Elkhart, Indiana, to Astra Service Partners, a platform company of Orion Group based in New York City, New York.

Founded in 1982, Griffen has built a strong reputation for their plumbing and HVAC services across Northern Indiana and Southwest Michigan. Pursuing retirement to spend more time with family and travelling, Owner of Griffen, Todd Mikel, engaged Calder Capital's Sell-Side.

As part of the Astra network, Griffen will now work closely with fellow Midwest partner Air Comfort, a top HVAC provider.

"I'm grateful to our team and customers," shared Mikel. "After a fulfilling career, I'm ready for my next chapter, one that includes more time with my family and quiet mornings spent fishing."

"We are thrilled to welcome Griffen to Astra Service Partners," stated Joel Fonseca of Orion Group. "We look forward to supporting Griffen's continued growth and success in the Midwest market."

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Matt Uhl of Calder Capital served as the Lead Mergers & Acquisitions Advisor to Griffen Plumbing and Heating. Aiding in the transaction was Lead Associate Greg Weess.

During the process, Griffen attracted interest from a wide pool of qualified buyers, with Calder Capital distributing 243 CIMs and Griffen ultimately receiving 8 offers.

"Reflecting on the transaction, I am positive that Matt and Calder Capital found us the right partner to propel Griffen to new heights. There is a level of peace and contentment that I have found as I closed this chapter of my life, knowing that Griffen is in great hands. I credit Matt's tenacity and thoughtful counsel as key factors in this successful sale," stated Mikel.

"Matt and the Calder Capital team kept all parties aligned and made a complex process far more manageable. We greatly appreciated working with Matt throughout," added Fonseca.

"Calder Capital's expertise in plumbing and HVAC mergers and acquisitions continues to drive compelling results for clients seeking to sell or grow their businesses in these industries," said Max Friar, Managing Partner of Calder Capital.

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Calder Capital served as the Exclusive Sell-Side (https://www.caldergr.com/our-services/for-sellers/) Mergers and Acquisitions Advisor to Griffen Plumbing and Heating.

Learn more about Griffen Plumbing and Heating at: www.GriffenPH.com.

Learn more about Astra Service Partners at: www.AstraServicePartners.com

Learn more about Orion Group at: www.OrionServicesGroup.com.

About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.